People’s Bank of China to issue RMB5b Bills

It will be issued through HKMA’s Central Moneymarkets Unit.

The People’s Bank of China will be issuing six-month bills, worth a total of RMB5b, or approximately US$774.76m.

It will be held on 24 June, through the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA).

The Bills will be issued at par value and will mature on the interest payment date falling on or nearest to 27 December 2021.

The Bills will bear interest at the uniform annual issue interest rate, which will be determined through the competitive tender. Interest on the Bills is payable on 27 December 2021 in arrears, subject to the modified following business day convention.

Each tender must be for an amount of RMB500,000 (approximately US$77,468) or integral multiples thereof and the difference between any specified tender interest rates should be at least 0.01%, rounded to two decimal places.

Follow the link s for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Private fund tokens may be the future of investing
Kinexys seeks to keep a token’s sensitive financial information from prying eyes.
More tax perks could drive Philippine SMEs to go ‘green’
The Southeast Asian nation’s 1.1 million small businesses can be a target for green loans. 
Asia struggles with G20 payment targets
The ultimate goal is for cross-border payments to achieve “the speed of the internet.”